AUD/USD – 30M – SELL

The currency pair Australian Dollar/US Dollar (AUD/USD) jumps from the ascending trendline downwards

A bearish descent downwards to the next support at 0.67166 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.67661 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.67144 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.67661 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.67661 – 0.67415 – 0.67389 – 0.67166 – 0.67114 – 0.67027 —
0.67390 – 0.67420 —
44.156315139761 – 48.057007660596 —
– —
0.67661 – 1767765600

Trading Signals: FOREX – AUD – AUD/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –